JPMorgan Chase & Co. Issues Positive Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from $30.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.39% from the company’s previous close.

Several other research analysts have also commented on BRX. Piper Sandler raised their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Scotiabank dropped their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 14th. Finally, UBS Group raised their target price on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.70.

Brixmor Property Group Price Performance

Shares of BRX stock traded up $0.30 during midday trading on Friday, reaching $29.63. 1,717,162 shares of the company traded hands, compared to its average volume of 3,040,500. Brixmor Property Group has a 1-year low of $22.28 and a 1-year high of $29.67. The firm has a market cap of $9.08 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 2.63 and a beta of 1.10. The firm’s 50 day simple moving average is $26.79 and its two-hundred day simple moving average is $26.84. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The company had revenue of $353.75 million for the quarter, compared to analyst estimates of $347.42 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. Brixmor Property Group’s revenue was up 7.7% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, equities research analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of Brixmor Property Group stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the transaction, the director directly owned 18,400 shares in the company, valued at approximately $534,152. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors have recently made changes to their positions in BRX. Norges Bank acquired a new position in shares of Brixmor Property Group in the fourth quarter valued at $112,307,000. Centersquare Investment Management LLC raised its stake in Brixmor Property Group by 22.5% during the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after acquiring an additional 2,275,242 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Brixmor Property Group by 49.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after purchasing an additional 2,119,890 shares in the last quarter. Heitman Real Estate Securities LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter worth about $48,503,000. Finally, Prudential Financial Inc. boosted its position in Brixmor Property Group by 160.7% in the second quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust’s stock valued at $76,151,000 after buying an additional 1,802,813 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.